Norway says Europe's 'largest' rare-earth mine plan set for 2028

The Norwegian government is targeting the completion of a plan to develop mining facilities at Europe's largest known rare-earths deposit by 2028, according to recent statements. The Fen Complex, situated approximately 150 km southwest of Oslo, is believed to hold 15.9 million tonnes of rare-earth oxides, including valuable elements neodymium and praseodymium.

These elements are essential for producing powerful magnets used in electric vehicles, renewable energy technology, and defense equipment. However, the project has faced numerous environmental concerns, which have delayed progress. The area is home to 78 endangered animal and plant species, including unique beetles, trees, mosses, and fungi.

Despite these challenges, Rare Earths Norway (REN), the entity that holds extraction rights, has assured that the actual mine will be "invisible," with extraction and crushing operations occurring below ground. Surface processing facilities will still be necessary. This year, the Norwegian government assumed responsibility for planning the project, including evaluating alternative locations for surface installations.

Industry Minister Cecilie Myrseth stated that the objective is to have a plan in place by 2028, with a preference for an earlier completion. The Fen Complex has the potential to bolster Europe's and the wider Western supply chains for critical minerals. Currently, no rare-earth deposits are being mined in Europe, leaving the continent vulnerable to China's monopolistic control over these materials.

Rare earth metals are crucial for manufacturing a wide range of products, from smartphones and electric cars to fighter jets, and are classified as critical by the European Union. REN anticipates commencing mining operations in the first half of the 2030s.